LONDON: Pakistan International Airlines (PIA) told a London High Court judge on Friday that it had paid about $ 7 million to Peregrine Aviation Charlie Ltd. in a case involving two jets leased to it. (Rs. 1.21 billion). Dublin-based Aircap.
It is in this context that the Malaysian authorities seized a PIA Boeing 777 at Kuala Lumpur Airport last Friday on the orders of a local court for non-payment of lease dues for aircraft due to the Air Cape. Lawyers for both the PIA and the airline have hoped for a later date on Friday in the hope that the full amount will be paid without any order being issued against the PIA.
Appearing online, the airline’s lawyer, Erin Hutchins, asked the judge to adjourn the hearing of the petition as the parties decide the issues of lease, rent, interest, lease and payment allocation. Plaintiff’s lawyer told the court: “Plaintiff’s position is that the money was paid by the defendant (PIA) today.”
The court heard that PIA had not paid since it had sought an amendment to its claim in July. The court was told that PIA owed 5 580,000 per month on the plane but did not pay and started litigation.
The leasing company had filed a lawsuit against PIA in the London High Court in October 2020 for non-payment of lease fees worth about $ 14 million, which had been pending for six months. In response, the PIA has maintained that since the Cove 19 epidemic has affected the aviation industry, overhead compensation should be reduced.
Meanwhile, the leasing company monitored PIA’s activities, and as soon as it received a report of the landing of Flight 895 in Malaysia, it asked the Malaysian court to approve the aircraft in accordance with international civil aviation lease rules. Appealed for confiscation. .
A PIA spokesman, Abdullah H. Khan, said in a statement: “A PIA plane has been intercepted by a local Malaysian court, with the PIA and a British court hearing a legal dispute between the other party. The dispute has been decided unilaterally. ” Time but PIA lawyers on Friday did not object to the seizure of the plane in Malaysia.